Stock market continues to fall, Chinese authorities blame “hostile foreign forces”

In recent days, the Chinese stock market continued to fall. Regulatory authorities have resorted to drastic bailout measures, but none have worked. Many Sina Weibo (Chinese Twitter) users on Thursday, July 3, 2015 posted the Chinese flag as their cover photo and called on shareholders to protect the Chinese stock market by “waging war against hostile foreign forces short selling the Chinese market.” Chinese authorities have resorted to nationalism to rescue Chinese stock prices.

Those substituting the Chinese flag as their cover photo on Sina Weibo include executive vice president Cao Zenghui. Cao tweeted: “Today’s events are not only the stock market’s problem. Waging war against hostile foreign forces short selling the Chinese market is our duty, we must all participate.” Sina Weibo TV and video site co-director of operations Fan Shaoxuan also substituted the Chinese flag as his cover photo, and announced on Twitter: “Gamble it away, lose it all, but we should still struggle for the glory of our country.”

On Monday, June 29, 2015, China Securities Regulatory Commission spokesman Zhang Xiaojun said in response to a journalist’s question: “Recently, there are some irresponsible rumors and comments online that deny the achievements of reform, malign the Chinese economy, and disrupt market order. I hope that the majority of investors exercise independent judgement and won’t be gullible and blindly follow this trend.” (English by BOXUN)
http://www.boxun.com/news/gb/finance/2015/07/201507021204.shtml